Crypto Biz: EU looks under the hood of Big Tech algorithms, Musk’s TruthGPT and more

cointelegraph.com:

Whether the intelligence can provide truthful answers will have to be seen, but the move would undoubtedly strengthen Musk’s business portfolio, which already includes SpaceX and Twitter, both companies sharing Musk’s curiosity about the universe and his approach to truth.

Speaking of facts, European authorities are strengthening regulations on AI projects by launching a new research hub to investigate Big Tech algorithms. A team of multidisciplinary experts will be in charge of looking “under the hood” of large search engines and online platforms to examine how those algorithms contribute to the spread of illegal and harmful content.

This week’s Crypto Biz looks at the latest developments in the fast-growing AI market, MicroStrategy integration with the Bitcoin Lightning Network, and Microsoft’s efforts to power AI development.

Artificial intelligence (AI) might soon answer a profound philosophical question. Finding what the truth is will be the focus of Elon Musk’s new endeavor TruthGPT, an AI dedicated to finding the fundamental nature of the universe and addressing an alleged “left-wing” bias in the industry. 

Since 2019, Microsoft has been developing its own artificial intelligence chips to cut down growing costs for both its own and OpenAI projects, reducing its reliance on Nvidia’s GPUs. The move reflects a chip shortage that affected many industries worldwide during the pandemic. One of the most popular GPUs for training machine learning systems, the Nvidia H100 can be purchased for $40,000 on reseller services such as eBay amid increasing market scarcity.

SCOOP: Microsoft has been developing an AI chip in-house since 2019, codenamed Athena. Msft hopes the chip will help it control the cost of powering